https://www.taxtmi.com/caselaws?id=259915 The Court ruled in favor of the appellant, interpreting Section 33AB of the Income Tax Act, 1961, to allow the deduction claimed. It held that the profit from blending tea grown by the assessee with a small amount purchased from outside qualified for the deduction. The Court also found that the inclusion of income from the purchased tea in the profit of the business was justified, considering the small percentage purchased compared to what was grown by the assessee. As a result, the appellant's appeal was allowed based on these interpretations. en-us Mon, 23 Mar 2015 00:00:00 +0530 Tue, 26 May 2015 07:47:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259915 The Court ruled in favor of the appellant, interpreting Section 33AB of the Income Tax Act, 1961, to allow the deduction claimed. It held that the profit from blending tea grown by the assessee with a small amount purchased from outside qualified for the deduction. The Court also found that the inclusion of income from the purchased tea in the profit of the business was justified, considering the small percentage purchased compared to what was grown by the assessee. As a result, the appellant's appeal was allowed based on these interpretations. Case-Laws Income Tax Mon, 23 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259915